"I HAVE ABSOLUTELY NO IDEA . . . WHY THE FEDERAL GOVT., CURRENTLY THE OBAMA ADMINISTRATION . . . AND CONGRESS . . . DOESN'T JUST ASSUME THE RESPONSBILITY THEY SHOULD . . . AND DISMISS THE REMAINING DEFAULTED NDSL AND GUARANTEED STUDENT LOANS OF THE 1980s AND THE EARLY 1990s . . .

. . . WHEN THE MATTER IS GOVERNMENT'S RESPONSIBILITY, AND THEIR RESPONSIBILITY ALONE . . .

THERE IS NO SUCH DEFAULTED STUDENT LOAN FROM THE 1980s OR EARLY 1990s . . . WHICH IS NOTHING LESS THAN THE RESULT OF THE FEDERAL GOVERNMENT'S UNWILLINGNESS TO ASSUME RESPONSIBILITY FOR CIVIL RIGHTS ENFORCEMENT ABJECT ACQUIESCENCE . . . OR SOME OTHER DAMN GOOD REASON FOR A BORROWER'S INABILITY TO PAY . . .

FURTHERMORE, SUCH LOANS HAVE BEEN FOR A LONG TIME . . . BEEN EASILY RECOGNIZABLE AS LOANS 'WHICH WILL NEVER BE COLLECTED UPON' . . . AS A RESULT . . .

. . . AND HAVE, THEREFORE, GEOMETRICALLY GROWN IN SIZE . . . AND WILL ULTIMATELY COST THE TAXPAYERS . . . MANY TIMES MORE THAN THEY SHOULD HAVE . . . BECAUSE WHEN GOVT. HAS HAD THE OPPORTUNITY TO DISMISS THEM, . . . THEY HAVE NOT . . .

IN LIGHT OF THIS 'CIVIL INJUSTICE' TO GOOD AMERICANS . . . I HAVE PROVIDED SOME DEFENSES . . . FOR SUCH VICTIMS . . . OF THE SUB PRIME HIGHER EDUCATIONAL LOAN PROGRAMS . . . OF THE 1980s AND EARLY 1990s . . ."

LET'S JUST GO DOWN THE LIST OF SOME OF YOUR DEFENSES . . . ONE AT A TIME . . .

FIRST, WE ALL KNOW NOW THAT THE GOVT. PROVIDED YOU ALL OVER THE COURSE OF THE 1980s AND EARLY 1990s . . . WITH 'NINJA SUB PRIME' HIGHER EDUCATIONAL LOANS . . . PASSED TO YOU UNDER THE GUISE OF INNOCENT 'WELFARE STATE' 'STUDENT' 'LOW INTEREST' . . . LOANS, RIGHT? RIGHT . . .

SECOND, THE GOVT. HAD A 'DUTY TO INFORM' AS TO THE TYPE, NATURE AND HISTORY OF SUCH RISKY LOANS . . . SUB PRIME NINJA LOANS . . . WHICH THEY FAILED TO DO WHEN ADMINISTERING SUCH LOANS . . . AND, THEREFORE, THERE WAS NO "MEETING OF THE MINDS" . . . WHEN YOU SIGNED FOR THE LOANS . . . AND THE AGREEMENT OR CONRACTUAL OBLIGATION TO REPAY SUCH LOANS . . . IS 'NULL AND VOID' . . .

THIRD, THE GOVT.S ATTEMPT TO WAIVE THEMSELVES OF THE LIABILITY OF THE RISKY SUB PRIME NINJA HIGHER EDUCATIONAL LOANS BY PLACING THE BURDEN UPON THE BORROWER . . . BY REQUIRING THEM TO 'THINK BEFORE YOU SIGN' . . .

. . . IS A REQUIREMENT OF THE BORROWER WHICH ESTABLISHES NO LIABILITY ON PART OF THE BORROWER, SINCE IT REQUIRES THE BORROWER TO FULFILL A TASK WHICH DOES NOT INCREASE THE BORROWERS KNOWLEDGE OF THE RISK THEY ARE ASSUMING AND A REQUIREMENT WHOSE INTENT CANNOT BE FULFILLED VIA THE "FORTUNE TELLING" REQUIRED. IN SHORT, THE BORROWER CAN NO MORE FORETELL THEIR FINANCIAL FUTURE THEN THE FEDERAL GOVT. CAN GIVEN ALL OF ITS VAST RESOURCES AND IN LIGHT OF THE EVENTS LEADING UP TO THE CURRENT ECONOMIC CRISIS. IF THE GOVT. CAN'T DO IT, THEN THE BORROWER CAN'T DO IT . . . PLAIN AND SIMPLE.

FOURTH, . . . AT SOME POINT IN THE LOAN'S HISTORY . . . THE FEDERAL GOVT. MUST ASSUME AT LEAST SOME PERCENTAGE OF LIABILITY FOR THE DEFAULTED NINJA SUB PRIME STUDENT LOAN . . .

. . . SINCE THE FEDERAL GOVERNMENT HAS HAD MANY, MANY CHANCES TO DISMISS THE LOAN IN ITS ENTIRETY . . . AND THEREBY PREVENT THE DEBT FROM GEOMETRICALLY INCREASING. THE GOVT. CHOSE NOT TO DISMISS THE DEBTS AND THEY HAVE INCREASED GEOMETRICALLY . . . AS A RESULT . . .

. . . AND AS THE DEFAULTED NINJA SUB PRIME STUDENT LOAN IS LIKELY TO HAVE BECOME REALISTICALLY . . . "UNRECOVERABLE" AND LIKELY HAS BEEN FOR MANY YEARS . . .

THEREFORE, THE BORROWER, AT SOME POINT IN THE HISTORY OF THE NINJA SUB PRIME DEFAULTED STUDENT LOAN . . . IS 'NO LONGER LIABLE FOR ANY DEBT OR COSTS ABOVE AND BEYOND THAT POINT' . . . SINCE THE GOVT. HAD EVERY OPPORTUNITY TO DISMISS THE LOAN IN ITS ENTIRELY AND PREVENT ANY FURTHER DEBT GROWTH OR ADDITIONAL COSTS . . .

. . . RACKING UP DEBT WHICH IS PASSED ALONG TO THE TAXPAYERS . . . GREATLY AND INCREASING THE NATIONAL DEBT . . .

. . . WHEN THE OBAMA ADMINISTRATION AND CONGRESS . . . CAN SIMPLY DISMISS SUCH DEBTS IN THEIR ENTIRELY . . . AND PAY FOR THE AMOUNT OF THE DEBTS WHICH THEY ARE RESPONSIBLE FOR, AS WELL, ON THE BOOKS . . ."

UPDATE: 07/01/2010 - POWER NEWS ALERT: GOLDMAN SACHS, FINANCIAL STUDENT LOAN LENDERS OF THE 1980s AND OTHER INVESTORS, INCLUDING GOVT. UNION MEMBERS . . . "'BET AGAINST' GOVT. STUDENT LOAN HOLDERS ON WALL STREET AND AGAINST THEIR ABILITY TO SUCCESSFULLY REPAY STUDENT LOANS AFTER GRADUATION AND PROFITEERED FROM THEIR FAILURE WHEN THEY COULD NOT REPAY" . . . FINDING COMES AS GOLDMAN SACHS AND OTHER FINANCIALS "PERMANENTLY LOSE HIGHER MORAL GROUND" ON STUDENT LOAN BORROWERS OF THE 1980S AND 1990S . . . AS FINDING INDICATES THAT "SUCH INDIVIDUAL AND GROUP INVESTORS TOOK ADVANTAGE OF THE WELFARE STATE" . . . FINDING ALSO INDICATES, "BEYOND ANY REASONABLE DOUBT" THAT SUCH INVESTORS, WHICH INCLUDED GOVERNMENT EMPLOYEES AND GOVT. EMPLOYEE INVESTMENT GROUPS, AND SUCH GROUPS AS "AARP" AND OTHER "RETIREMENT INVESTMENT GROUPS" . . . "'INTENTIONALLY SABOTAGED LARGER STUDENT LOAN HOLDERS' ABILITY TO SUCCEED AS A RESULT OF THEIR 'BET AGAINST' SUCH LOAN HOLDERS' SUCCESS" . . . WHILE OFTEN IGNORING THOSE WITH SMALLER STUDENT DEBT, "SKEWING STATISTICAL DATA WHICH SHOWS MANY WERE ABLE TO REPAY STUDENT LOANS" . . . FINDING ALSO INDICATES THAT COLLEGE AND UNIVERSITY ASSOCIATIONS "INTENTIONALLY LIED ABOUT PERCENTAGES OF STUDENT BORROWERS' ABILITY TO REPAY STUDENT LOANS KNOWING FULL WELL THAT THE DATA WAS/IS SKEWED" . . . "INTENTIONALLY NOT PROVIDING THE PUBLIC WITH DATA WHICH DIFFERENTIATES BETWEEN ABILITY TO REPAY SMALL STUDENT LOANS VS. LARGE/LARGER STUDENT LOANS" . . . FINDING REVEALS THAT THE GOVT. LAUNDERED STUDENT LOAN MONIES PROVIDED BY THE FINANCIALS WERE "SUB PRIME" IN NATURE AND THAT THE MODUS OPERANDI WAS SIMILAR TO THAT FOUND IN THE "SUB PRIME" HOME LOAN CRISIS . . . OVER PAST 17 YEARS STUDENT LOAN PROGRAM EXPLOITED BY "HEDGE FUNDS" IN FORM OF "ARBITRAGE," "OPPORTUNISTIC" AND "SHORT SELLING" STRATEGIES . . . GIVING RISE TO INCENTIVISING THE "UNDERCUTTING" AND SABOTAGING OF EARNINGS OPPORTUNITIES TO HIGHER DEBTED STUDENT LOAN BORROWERS . . . STRATEGY DOES NOT APPLY TO SMALLER DEBTED STUDENT LOAN BORROWERS AS EXTREMELY DIFFICULT TO PREVENT REPAYMENT OF SMALL STUDENT LOANS. FURTHERMORE, BY ALLOWING THE SMALLER LOANS TO BE REPAID, IT LOOKS GOOD, STATISTICALLY, ON PAPER FOR THE ASSOCIATION OF COLLEGE AND UNIVERSITIES DATA WHICH DOES NOT DISCERN THE AMOUNTS OF THE LOANS BEING REPAID, JUST THAT A PERCENTAGE ARE BEING REPAID. SUCH "SKEWED DATA" HAS BEEN "RATIONALE" FOR THE ONGOING GOVT. STUDENT LOAN PROGRAM.